Buy Copper Jul @ 895 SL 891 TGT 900-904. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM JUL @ 253 SL 251 TGT 255-257. MCX
Observations
Aluminium trading range for the day is 251.7-256.3.
Aluminium fell as traders closely watched progress in China–U.S. trade talks for clearer direction.
Beijing’s pledge to stabilize industrial growth and infrastructure spending capped aluminium’s downside despite weak sentiment.
Global primary aluminium production rose 0.9% YoY to 6.045 million tonnes in June, IAI data showed.
COPPER
BUY COPPER JUL @ 895 SL 891 TGT 900-904. MCX
Observations
Copper trading range for the day is 893.1-904.5.
Copper surged as the impact of US tariffs on copper were magnified by softer pessimism on manufacturing.
COMEX copper hits record high as August 1 tariff deadline looms.
The global refined copper market showed a 97,000 metric tons surplus in May - ICSG
ZINC
BUY ZINC JUL @ 269 SL 267 TGT 271-27. MCX
Observations
Zinc trading range for the day is 266.6-272.4.
Zinc gains as sentiment was boosted after U.S. President Donald Trump struck a trade deal with Japan.
The global zinc market swung to a deficit of 44,100 metric tons in May from a surplus of 17,300 tons in April.
China’s stimulus for machinery, autos and electrical sectors supported broader industrial metals sentiment.
